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Loop Industries Inc LOOP

Loop Industries, Inc. is a clean technology company, focused on circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber. The Company owns patented technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling its customers to meet their sustainability objectives. It also intends to leverage the Infinite Loop Technology to expand into specialty chemicals and polymers through a product offering of lower carbon footprint recycled dimethyl terephthalate (rDMT), recycled monoethylene glycol (rMEG) and specialty polymers.


NDAQ:LOOP - Post by User

Post by DrewJacksonon Oct 06, 2022 1:16pm
356 Views
Post# 35009888

LOOP board member charged with fraud by SEC

LOOP board member charged with fraud by SEC

They pumped it so they could dump it.

 

https://www.sec.gov/litigation/litreleases/2022/lr25546.htm


LOOP board member, Donald Linn Danks, and LOOP consultant, Jonathan Destler, engaged in a deceptive scheme to sell LOOP stock while concealing their ownership of LOOP stock and links to the company.


Sadly, they were able to swindle an elderly investor into buying millions of dollars of LOOP stock while they themselves were dumping it.


Still worse, some of the ill-gotten gains found their way to a company controlled by LOOP CEO Daniel Solomita.

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